Is a Revolving Credit Facility Right for You?

Описание: Is a revolving credit facility right for you? Blandon compares a regular mortgage to a revolving credit facility to highlight their key differences:

Regular Mortgage:
👉🏻 You make fixed monthly payments for a set term, like 30 years.
👉🏻 Once you pay money into the loan, it's locked in—you can’t access it without incurring fees or refinancing.
👉🏻 In emergencies, you're stuck unless you have other savings.

Revolving Credit Facility:
👉🏻 Works like an overdraft or credit line linked to your mortgage.
👉🏻 You can deposit extra money when available, reducing the interest charged on the remaining balance.
👉🏻 You can withdraw funds anytime for emergencies or other needs, without penalties.

Key Advantage:
A revolving credit facility offers flexibility—it helps you save on interest while keeping funds accessible for unexpected situations.

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Disclaimer: This video is for entertainment purposes only and is not financial advice. Opinions in this video are general in nature and are not a recommendation, opinion or guidance to any viewer in relation to acquiring or disposing of a financial product. Viewers should not rely on these opinions and should always seek specific independent financial advice appropriate to their own individual circumstances.

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